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Dec 11, 2012
12/12
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CURRENT
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it's not even like the government shutdown. you don't necessarily have an enormous market reaction. this is not like the country defaulting on its debt. but it's serious for two reasons. we don't know what the reaction could be. there it is a chance that it could spook the markets. the second thing, the combine pieces of this passage is a combined 4% of the gdp. if they went into affect and remained in affect not just for a couple of weeks but for the full year it's hard to see how the economy avoids a recession next year. it's not guaranteed but it's more than enough to push the economy into a recession. if you go over for a few weeks it's not clear if the damage would be so great. it's hard to see how the economy sacrifice next year healthy if it's not averted in some way. >> eliot: david, that's clearly correct if the entirety of it continueed uninterrupted, but some pieces will occur regardless, other pieces could be remedied, which is why the timing issue and the cataclysm in january 1st has struck me whereme--we'll wait and see if anything happens. ruth, turning to the other h
it's not even like the government shutdown. you don't necessarily have an enormous market reaction. this is not like the country defaulting on its debt. but it's serious for two reasons. we don't know what the reaction could be. there it is a chance that it could spook the markets. the second thing, the combine pieces of this passage is a combined 4% of the gdp. if they went into affect and remained in affect not just for a couple of weeks but for the full year it's hard to see how the economy...
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Dec 9, 2012
12/12
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CNNW
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>> the best funding program we have in the government is social security. health care. for every dollar, the other three modern countries spend per capita in other dollar, we spend $2.64 and still have 50 million people without insurance. if we could get france's health care system, widely regarded as the best in the world, we could eliminate 40% of income taxes and still have the same deficit. if you look at the federal budget numbers, the budget is coming way down. the economy is improving. higher tacks allow us to create jobs where people are investing in things that make commerce work better. all private wealth is built on a foundation of commonwealth. if we replace foundations of granite and sound and that's where steve's ideas lead to, then our superstucktures will have to collapse. >> david, what i'm hearing from you is three words. tax and spend. >> we're going to have to have a rematch here. we're out of time and we don't want to not pay our bills, so i have to take a break. what a great conversation though. thanks for both of you bringing my viewers some reall
>> the best funding program we have in the government is social security. health care. for every dollar, the other three modern countries spend per capita in other dollar, we spend $2.64 and still have 50 million people without insurance. if we could get france's health care system, widely regarded as the best in the world, we could eliminate 40% of income taxes and still have the same deficit. if you look at the federal budget numbers, the budget is coming way down. the economy is...
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Dec 7, 2012
12/12
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FOXNEWSW
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we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of this at the same time in because the president is saying give me what i want and then maybe next year we'll talk about what you want and we all know that's not going to happen. >> i don't think that's true. >> very true. >> from what i understand in washington, the president is saying what is critical is that republicans have to stop being inflection i believe by protecting the top two percent and sacrificing the rest of us. and if they do something about taxes on the very rich we can then talk about what spending cuts will be put in place. >> david. >> it's not fair
we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of...
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Dec 8, 2012
12/12
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the government will try to soften the blow of spending cuts and tax increases. they could delay the withholdings that people pay though tax rates are going up or they could tell agencies to accelerate the spending at the new year to mitigate cuts that are coming. that assumes congress will do something. otherwise it could be catastrophic. i say, don't count on it. if a deal can't be cut in three weeks why should we assume they will cut one in january, especially when almost nothing gets done in the january of a new administration. this is a lame duck congress waiting for a new congress to be sworn in. think back to the debt ceiling, richard, when nothing got done there. think back before that to the discussions about t.a.r.p. when nothing got done and the market had to force it. the bottom line is i am not convinced that they will do things to avoid the catastrophe. the fiscal cliff isn't catastrophic. congress's inability to ever foresee dangers and avoid them is. [ buzzer ] richard, you seem be bored by my answer. >> all right. so you want to play hardball. [
the government will try to soften the blow of spending cuts and tax increases. they could delay the withholdings that people pay though tax rates are going up or they could tell agencies to accelerate the spending at the new year to mitigate cuts that are coming. that assumes congress will do something. otherwise it could be catastrophic. i say, don't count on it. if a deal can't be cut in three weeks why should we assume they will cut one in january, especially when almost nothing gets done in...
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Dec 10, 2012
12/12
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KCSM
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we're not against government. this is self-government. this is america. it's us." and he believed that. today, you see so many people in congress who really see government as the enemy, who are unwilling to come together to do even the most basic things like pay our bills. and you can't survive that way. so, the intellectual basis of conservatism seems to have disappeared. the idea that you would, you know, go to war or that you would create a program or whatever else, and not pay for it, was the most anti-conservative thing you could imagine. >> are there any reasons to be against big government? >> oh, sure there are. sure, there are. government can be too big. it can be too expensive. it can regulate too much. sure, it can. but at some point, you push as hard as you can, if you're a conservative, to make government smaller, to make taxes lower. but you can't get it all. you can't win everything all in one fight, because we're a big country and a lot of different views. and you have people on the left and the right who are so full of certitude and so unwilling to
we're not against government. this is self-government. this is america. it's us." and he believed that. today, you see so many people in congress who really see government as the enemy, who are unwilling to come together to do even the most basic things like pay our bills. and you can't survive that way. so, the intellectual basis of conservatism seems to have disappeared. the idea that you would, you know, go to war or that you would create a program or whatever else, and not pay for it,...
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Dec 8, 2012
12/12
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MSNBCW
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the federal government has taken in taxes that equals 18% of the overall economy. it's 17.8% to be exact. that's become something of a magic number in politics. you tell orrin hatch loves the 18%. if we keep all the bush tax cuts, we stick at that magic number. that means "taxes would still be high enough compared to recent history." across the political spectrum, consider warren buffett and higher taxes for the rich. he wrote "our government's goal should be to bring in 18.5% revenue. he doesn't say. those are levels attained over extended periods in the past. permit me a decent from the or kl of omaha. the average of our past revenue is not sufficient to sustain our future. in fact, it wasn't even enough to support our past. only three times in the past 50 years has the 18% been enough to balance the budget. the only recent balancing came during the clinton era when growth was strong. from 19.5% of the overall economy to 20.6%. by bump. ing along with 18%, we have built the national debt that dominates the political discussion and it's going to get worse if we st
the federal government has taken in taxes that equals 18% of the overall economy. it's 17.8% to be exact. that's become something of a magic number in politics. you tell orrin hatch loves the 18%. if we keep all the bush tax cuts, we stick at that magic number. that means "taxes would still be high enough compared to recent history." across the political spectrum, consider warren buffett and higher taxes for the rich. he wrote "our government's goal should be to bring in 18.5%...
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Dec 10, 2012
12/12
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CSPAN2
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people don't come to america to recreate bad government. they are watching sacramento reinvent the really bad government. [applause] >> we have time for about two more questions right here. >> thank you for coming, mr. speaker. i really was looking forward to you debating dhaka. that would have -- that would have been amazing. one of the things that was really noticeable and palpable in the last year of the presidential debate in the candidates was the lack of media object to the and as a media person what you said just for this next wave on the television and loggers in order to come back and the sickly silence this mainstream media that we have today? [applause] >> i do a fair amount of policing. [laughter] but my first question as republicans look at this and i just started the productions would be a six month project of reviewing and trying to learn the lesson at a much deeper level than you would get from the current wave of the analyst because the of the presidential elections in the popular vote and remember the minority of the vote
people don't come to america to recreate bad government. they are watching sacramento reinvent the really bad government. [applause] >> we have time for about two more questions right here. >> thank you for coming, mr. speaker. i really was looking forward to you debating dhaka. that would have -- that would have been amazing. one of the things that was really noticeable and palpable in the last year of the presidential debate in the candidates was the lack of media object to the...
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Dec 9, 2012
12/12
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FOXNEWSW
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new government happen. they pick them up and question them. >> what we have been showing up full screen r is abu akhmad the guy picked up in egypt. the egyptians leased this guy during spring last year in march 2011. the revolt thousands of protestors froesing the government. they are picking up this guy we want he may be connected to the attack on benghazi. who is this is it for real? >> it isn't for real. they are buying time for what they want to do. they were part of radicals last year. they are coming regarding spring. since then we have seen a complete increase shirea all of these individuals have taken not only akty measures against the united states but planning. let me contrast the situation. 12 years ago with the attacks notab notably. he was in yemen. they have the attack on u.s.s. cole in october of 2000 with 100 fbi agents working on the ground hard. syria is a country we helped liberate. we can't do the same now are you kidding me? 12 years later. i think it's all about no political will to do
new government happen. they pick them up and question them. >> what we have been showing up full screen r is abu akhmad the guy picked up in egypt. the egyptians leased this guy during spring last year in march 2011. the revolt thousands of protestors froesing the government. they are picking up this guy we want he may be connected to the attack on benghazi. who is this is it for real? >> it isn't for real. they are buying time for what they want to do. they were part of radicals...
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Dec 10, 2012
12/12
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FBC
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the saudi government didn't specifically names. citing a ongoing investigation. a virus hit 30,000 aramco computers in august, aiming to shut down production. this is the new frontier by the way. >> chris mass comes early for -- christmas comes early for pot lovers in colorado and washington. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down next. do you have ever have too much money? you know how painful heartburn can be. for fast, long lasting relief, use doctor commended gaviscon®. only gaviscon® fms a protective barrier that helps block stomach acid from splashing u relieving the pain quickly. try fast, long sting viscon®. the potential of manchester united locked. nyse euronext. unlocking the world's potential. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protec them. [ thunder crashes ] it doesn't. stop preteing. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your r
the saudi government didn't specifically names. citing a ongoing investigation. a virus hit 30,000 aramco computers in august, aiming to shut down production. this is the new frontier by the way. >> chris mass comes early for -- christmas comes early for pot lovers in colorado and washington. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down next. do you have ever have too much money? you know how painful...
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Dec 5, 2012
12/12
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CURRENT
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eye 113
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will we build an economy that pays workers enough to support a family or will we use the government to subsidize people's wages through food stamps and other support. today, we're not doing either one. in michigan, i signed a bill to raise the minimum wage to $7.40 an hour. that was six years ago. it needs to be raised again. the federal minimum wage is lower than that. it is now just $7.25 an hour. try, just try imagine earning $7.25 an hour and paying a mortgage or rent try living on $7.25 an hour and buying food, much less acquiring transportation in some way. forget clothing. that's a total luxury. this is a moral issue. but it is also an economic issue that's going to determine the vitality of our nation's recovery from recession. joining me now are two champions of the living wage fight. jonathan westin, director of fast food forward an organization that helped organize the strikes in new york. and linda archer is a current mcdonald's employee who's joined in the fight for better wages. they're joining us from new york. great to have you both inside "the war room" to share your s
will we build an economy that pays workers enough to support a family or will we use the government to subsidize people's wages through food stamps and other support. today, we're not doing either one. in michigan, i signed a bill to raise the minimum wage to $7.40 an hour. that was six years ago. it needs to be raised again. the federal minimum wage is lower than that. it is now just $7.25 an hour. try, just try imagine earning $7.25 an hour and paying a mortgage or rent try living on $7.25 an...
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Dec 6, 2012
12/12
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MSNBC
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>> in an ideal world for what he views as the role in government and his second term in legacy building, i think he wanted a grand bargain -- >> i think he does, too, to he can move on to the progressive stuff he wants to do. >> second terms don't last four years. >> right, right. >> no second term in the modern era has lasted four years. >> i know. >> it ends somewhere before two years. >> then you move into foreign policy. >> very quickly, chuck is right. if they get the tax rate increase on the wealthy, they declare victory and move on. we can argue debate that -- >> you're both educating me tonight. it's about taxes. the president can win this one before christmas. thank you chuck todd and chris cillizza. >>> up next, the story no one is talking about at notre dame. some people are charging cover-up. this is going to be a hot one and not very pleasant for me. this is "hardball," the place for politics. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat t
>> in an ideal world for what he views as the role in government and his second term in legacy building, i think he wanted a grand bargain -- >> i think he does, too, to he can move on to the progressive stuff he wants to do. >> second terms don't last four years. >> right, right. >> no second term in the modern era has lasted four years. >> i know. >> it ends somewhere before two years. >> then you move into foreign policy. >> very quickly,...
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Dec 5, 2012
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that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held hostage as well by region sn -- republicans? >> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be hi
that's why they're willing to shut down the government. they're not taking an oath to the constitution of the united states but an oath to grover norquist. if you do things like that you shouldn't have the right to try to continue to shut down the government and use the debt ceiling as a weapon. >> finally, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held...
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Dec 5, 2012
12/12
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CNNW
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we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican house has a tremendous power over the debt ceiling. so all this stuff about how we have to bend to the emperor's will isn't true. >> all right. grover norquist, thanks very much. we appreciate your taking the time tonight. let's bring in james carville and reihan salam. good to see you. grover norquist is not bending. not yet. >> well, president obama, or as mr. norquist refers to him, obama -- president obama has done something mr. norquist has never done in his life and that's get people to vote for him. so i would also remind mr. norquist who conveniently forgets that president clinton raised taxe
we're spending $1 trillion more each year, the federal government -- we, the federal government is spending $1 trillion more each year than when obama walked into office. it's that overspending we need to bring down. raising taxes doesn't solve the overspending problem. it feeds it. and, again, we have been through this lucy and the football thing in '82, in '90. we didn't take the advice of the tax increase last year, and we got spending restraint for the debt ceiling. remember, the republican...
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Dec 6, 2012
12/12
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CSPAN
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the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very much rned so muc that i have never learned in undergraduate hours, law school, or high school. i have learned more about history, government, the true history of this country. not what we have been spoonfed in high school. or in critical about the pleasant stories where we were happy with smiles on their face. where we have come from and how far we have come and how far we can go in terms of really being that bright and shining lfght for other countries to follow by example. host: is that it? caller: please, please, is there some way
the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very...
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Dec 10, 2012
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FBC
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this is a government-run market now. it is not a free market. it's a government-run market. so where is the government on your question? melissa: yeah. >> we don't know. melissa: we don't know. >> there has been no leadership. melissa: we don't know although that they are hostile to a certain extent. $47 billion is a lot of money obviously. that would create a quite a lot of jobs, right? they reilly turned down ss many jobs and revenue when the economy is hurting so much. >> and it is not just export% lng. my bottom line, yes, we should export lng if we have a market out there to serve but let's do even more with natural gas. let's make natural gas into transportation fuels, cng, compressed natural gas, liquified, natural gas both for trucking. methanol or even gasoline can be made from natural gas. so why don't we use natural gas and get off imported oil? only takes a little bit of political leadership. melissa: you're not talking about lng, is liquifying natural gas. that is what we would have to do if we want to export natural gas to asia or europe which are two ripe mark
this is a government-run market now. it is not a free market. it's a government-run market. so where is the government on your question? melissa: yeah. >> we don't know. melissa: we don't know. >> there has been no leadership. melissa: we don't know although that they are hostile to a certain extent. $47 billion is a lot of money obviously. that would create a quite a lot of jobs, right? they reilly turned down ss many jobs and revenue when the economy is hurting so much. >>...
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Dec 6, 2012
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CNBC
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it's not just about paying some government to have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufrane that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically created crisis? let's go over the reasons. first, in terms of how well we could be doing, think about this. the barely capitalist don't innocent that is europe has settled down into some sort of permanent no-growth mode and yet almost every one of the stock markets is doing better than ours. come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger t
it's not just about paying some government to have more but about putting millions to work who are now jobless because that's what happens in a boom. we put them to work. and, yes, spending's got to come down. are they so obtuse, to quote andy dufrane that they can't see this? and, yes, i'm talking about both sides. it's driving me crazy. how do i know that things would be so great if we could only get beyond the stupid politically created crisis? let's go over the reasons. first, in terms of...
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Dec 6, 2012
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CURRENT
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they don't like the government. >> and i don't suppose the government is anything anybody would ever want to strangle in the bathtub. >> stephanie: no. all right. let's dive in to right-wing world. [♪ circus music ♪] >> stephanie: all right. rush limbaugh. >> folks i'm a little worn-out fed up and very inpatient with these ongoing assaults on the people who work in this country. the current disaster is not teaching people a lesson, nothing will. we're not teaching people to be productive, and instead we're teaching them that there is nothing wrong with being slovenly. it is stupid, it's what they did in the soviet union. kill ambition. to hell with that. >> stephanie: wow, someone is getting a little upset about losing their spare oxycontin stash. lots of people have proposed 100% tax rate. that's exactly what is on the table. >> you can't expect rush logic to enter into reality. >> stephanie: yes, and liberalism is to blame. [ bell chimes ] [ applause ] >> how? so -- >> stephanie: doesn't matter jim. and also rush limbaugh marriage expert had something to do with they are not ma
they don't like the government. >> and i don't suppose the government is anything anybody would ever want to strangle in the bathtub. >> stephanie: no. all right. let's dive in to right-wing world. [♪ circus music ♪] >> stephanie: all right. rush limbaugh. >> folks i'm a little worn-out fed up and very inpatient with these ongoing assaults on the people who work in this country. the current disaster is not teaching people a lesson, nothing will. we're not teaching...
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Dec 7, 2012
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instead, leaving the implementation up to the federal government. christie says the federal government failed to provide the answers he needed to make a fiscally sound decision. the move came after christie met with the president at the white house to discuss federal disaster relief. the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday if they want to set up their own exchange. they will -- they were allowed more time to mull over the decision after many republican governors delayed action. perhaps expecting a different outcome to the presidential election. new jersey is just the latest state with a republican governor to opt for the federal government to step in and create the exchange. let's turn to former vermont governor howard dean and former chairman of the dnc and contributor to cnbc. governor dean, good to have you with us tonight. i think you know this whole story well. these republi
instead, leaving the implementation up to the federal government. christie says the federal government failed to provide the answers he needed to make a fiscally sound decision. the move came after christie met with the president at the white house to discuss federal disaster relief. the state health insurance exchange is a key component to the obama care. it allows millions of middle class households as well as small businesses to shop for private insurance. states must decide by next friday...
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Dec 11, 2012
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CNBC
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we have to reform the federal government. what a great opportunity with new congress coming in, with the country focused on these issues for us to come together and actually take a top to bottom review, reprioritize spending at every level reduce the federal expenditures. we have to cut spending in this town. we are not going to tax our way to prosperity. so myself and other members, i hopefully think members in both parties are ready for serious budget reform and serious spending reductions. frankly we've all been disappointed we haven't seen leadership out of the white house in the same direction. that's the biggest sticking point to why we can't reach a solution regarding the fiscal cliff at this point. >> how specifically would you address spending in medicare? it seems to me americans are very accustomed to seeing health care benefits cut. just ask anyone that works for a major corporation over the last few years and you will see the portion of your medical care you pay for that risen, the portion your company pays for h
we have to reform the federal government. what a great opportunity with new congress coming in, with the country focused on these issues for us to come together and actually take a top to bottom review, reprioritize spending at every level reduce the federal expenditures. we have to cut spending in this town. we are not going to tax our way to prosperity. so myself and other members, i hopefully think members in both parties are ready for serious budget reform and serious spending reductions....